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Trade war

With Trump-Xi summit set, US and China to restart talks Wednesday

News of G-20 sit-down lifts trade deal hopes and stocks

U.S. President Donald Trump, left, and Chinese President Xi Jinping both acknowledged the resumption of talks to address their trade conflict. The two will meet at next week's G-20 summit in Osaka.

NEW YORK -- U.S. President Donald Trump said Tuesday he will meet with Chinese counterpart Xi Jinping next week at the Group of 20 leaders summit in Osaka.

He also said that officials from both sides will begin talks from Wednesday. Rekindled hopes for a trade deal between the world's two largest economies sent the Dow Jones Industrial Average up over 400 points in Tuesday trading, before closing 353 points higher.

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